Wedbush Analysts Decrease Earnings Estimates for DIN

Dine Brands Global, Inc. (NYSE:DIN) – Stock analysts at Wedbush lowered their FY2024 EPS estimates for shares of Dine Brands Global in a report issued on Friday, February 28th. Wedbush analyst N. Setyan now anticipates that the restaurant operator will post earnings per share of $5.86 for the year, down from their previous estimate of $5.88. Wedbush has a “Neutral” rating and a $28.00 price objective on the stock. The consensus estimate for Dine Brands Global’s current full-year earnings is $5.84 per share. Wedbush also issued estimates for Dine Brands Global’s Q4 2024 earnings at $1.38 EPS, Q1 2025 earnings at $1.27 EPS, Q2 2025 earnings at $1.63 EPS, Q3 2025 earnings at $1.50 EPS, Q4 2025 earnings at $1.43 EPS and FY2025 earnings at $5.83 EPS.

DIN has been the subject of several other reports. Piper Sandler dropped their target price on shares of Dine Brands Global from $40.00 to $38.00 and set a “neutral” rating for the company in a report on Monday, November 18th. KeyCorp dropped their target price on shares of Dine Brands Global from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Friday, January 31st. UBS Group reiterated a “neutral” rating and set a $32.00 price target (down from $44.00) on shares of Dine Brands Global in a report on Tuesday, January 7th. Barclays reiterated an “equal weight” rating and set a $32.00 price target (down from $43.00) on shares of Dine Brands Global in a report on Tuesday, January 7th. Finally, StockNews.com downgraded shares of Dine Brands Global from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $33.67.

Dine Brands Global Trading Down 1.7 %

NYSE:DIN opened at $23.58 on Monday. The firm has a 50-day moving average price of $28.11 and a two-hundred day moving average price of $30.55. Dine Brands Global has a twelve month low of $23.47 and a twelve month high of $51.35. The company has a market capitalization of $359.45 million, a P/E ratio of 3.92 and a beta of 1.75.

Institutional Investors Weigh In On Dine Brands Global

A number of institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers grew its holdings in Dine Brands Global by 1.5% in the fourth quarter. Rhumbline Advisers now owns 24,006 shares of the restaurant operator’s stock valued at $723,000 after purchasing an additional 362 shares during the period. Russell Investments Group Ltd. grew its holdings in Dine Brands Global by 6.3% in the fourth quarter. Russell Investments Group Ltd. now owns 7,032 shares of the restaurant operator’s stock valued at $212,000 after purchasing an additional 414 shares during the period. Tower Research Capital LLC TRC grew its holdings in Dine Brands Global by 9.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,889 shares of the restaurant operator’s stock valued at $237,000 after purchasing an additional 692 shares during the period. Quadrature Capital Ltd grew its holdings in Dine Brands Global by 6.4% in the third quarter. Quadrature Capital Ltd now owns 13,042 shares of the restaurant operator’s stock valued at $408,000 after purchasing an additional 786 shares during the period. Finally, Quarry LP grew its holdings in Dine Brands Global by 36.3% in the third quarter. Quarry LP now owns 3,130 shares of the restaurant operator’s stock valued at $98,000 after purchasing an additional 834 shares during the period. 92.83% of the stock is currently owned by hedge funds and other institutional investors.

Dine Brands Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 17th will be issued a $0.51 dividend. The ex-dividend date is Monday, March 17th. This represents a $2.04 dividend on an annualized basis and a yield of 8.65%. Dine Brands Global’s payout ratio is 33.94%.

About Dine Brands Global

Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, and operates restaurants in the United States and internationally. The company operates through six segments: Applebee's Franchise Operations, International House of Pancakes (IHOP) Franchise Solutions, Fuzzy's franchise operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.